Costa Rica Anticipates an Increase in Unemployment

A survey by UCCAEP of 405 companies from various sectors revealed that there will probably be more unemployment in the second half of the year.

Thursday, May 21, 2009

Hassel Fallas wrote in an article in Nacion.com: "Shirley Saborío, director of UCCAEP (Costa Rican Union of Chambers and Private Enterprise Associations,) explained that the survey presented yesterday revealed that the index of business confidence in employment for the second quarter is 4.12 points out of a possible 10. During the same period in 2008, it was 6.15.

While UCCAEP does not have a specific projection for the increase in unemployment, the director of the agency stressed that next quarter will be more difficult than the first one mainly because it is the beginning of the tourism low season and the end of the agricultural harvest period.



More on this topic

Unemployment in Costa Rica Remains at 10.4%

September 2013

The net rate of national labor participation remained at 62.7% of the working age population, the same as it was in the second quarter of 2012.

From a press release issued by the National Institute of Statistics and Census (INEC):

The Costa Rican labor market shows stability between the second quarter of 2012 and the same period in 2013, when the net rate of national labor participation remained at 62.7% of the working age population. While men maintain a rate of 76%, the participation rate of women has wavered between 48% and 49% for more than a year, when it increased its share.

Unemployment 9.6% in Costa Rica

June 2013

The labor participation rate reached 61.5% of the working age population in the first quarter, 1.8% less than in the same period in 2012.

According to an employment survey by the National Institute of Statistics and Census (INEC by its initials in Spanish), the labor participation rate reached 61.5% of the working age population during the first quarter of this year, a figure that has dropped by 1.8% compared with the same period in 2012.

Manpower Employment Outlook Survey

March 2010

For the second quarter of 2010, Guatemalan employers are optimistic, and those in Panama and Costa Rica are very optimistic.

GUATEMALA
The Manpower Employment Outlook Survey released today, reveals a favorable hiring environment for the second quarter of 2010, with employers anticipating opportunities for Guatemalan jobseekers to remain similar to those reported in the first quarter of the year.

Employment crisis in Central America

January 2009

The consequences only could be offset by investing in education and technology and increase the added value of export products.

"Central American, and Nicaragua in particular, will not escape the wave of unemployment that the global economic crisis will cause around the world.

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